So at the same time Oklahoma gov't finally recognizes the link between fracking waste-water disposal and earthquakes, it passes a bill prohibiting local officials banning oil and gas drilling in cities/counties. Meanwhile, insurance carriers are denying claims relating to earthquake damages because they can attribute them to a man-made cause despite the Oklahoma Insurance Commissioners' warnings. Additionally, there is an injury case before the Oklahoma Supreme Court against two energy companies alleging that the companies caused an earthquake that resulted in personal injury when a chimney collapsed on the plaintiff.
All the while, we are waiting for the Big One to hit. What would a free market solution to this cluster look like?
http://abcnews.go.com/US/oklahoma-ad...ry?id=30502267For the first time in the state's history, Oklahoma’s state government officially recognized the long held scientific consensus linking the disposal of oil and gas wastewater with the record number of earthquakes plaguing it in recent years.
http://newsok.com/bill-passes-oklaho...rticle/5412766Local officials would be prohibited from banning oil and gas drilling in their cities and counties under a bill approved by the Oklahoma House on Wednesday.
Early last month, Oklahoma Insurance Commissioner John Doak cautioned against that, issuing a Bulletin warning earthquake insurers that his office would be forced “to take appropriate action to enforce the law” if they continued to deny quake claims on the basis of what he called “unsettled science.”http://www.lexology.com/library/deta...8-ae3da3e7b427n addition, the issue of causation is already wending its way through the legal system, though it is unlikely that the question will be definitively disposed of any time soon. In 2011, one Sandra Ladra sustained injuries when her chimney collapsed in a Magnitude 5.6 quake – the strongest ever in Oklahoma – and she sued two energy companies, alleging that the earthquake was caused by fracking. The trial court granted the defendants’ motion to dismiss, but she took an appeal, and the case is presently before the Oklahoma Supreme Court.
http://www.usatoday.com/story/news/n...ines/24702741/Long-dormant, 300-million-year-old fault lines across Oklahoma are being "reawakened" by recent small earthquakes that have been previously linked to the fracking process, scientists reported in a new study out this week.
The faults could trigger much higher-magnitude and more destructive quakes than most of the smaller ones that have plagued the state in recent years, according to the new research.
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